M&A Deal Summary

NSC Acquires U. S. Steel

On December 18, 2023, NSC acquired metals/mining company U. S. Steel for 14.9B USD

Acquisition Highlights
  • This is NSC’s 1st transaction in the Metals/Mining sector.
  • This is NSC’s largest (disclosed) transaction.
  • This is NSC’s 1st transaction in the United States.
  • This is NSC’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-12-18
Target U. S. Steel
Sector Metals/Mining
Buyer(s) NSC
Deal Type Add-on Acquisition
Deal Value 14.9B USD
Advisor(s) Citigroup Investment Banking
Barclays Investment Bank
Goldman Sachs
Evercore Group (Financial)
Milbank LLP
Wachtell, Lipton, Rosen & Katz LLP (Legal)

Target

U. S. Steel

Pittsburgh, Pennsylvania, United States
website
U. S. Steel is an integrated steel producer with major production operations in the United States, Canada and Central Europe and an annual raw steelmaking capability of 27 million net tons. The company manufactures a wide range of value-added steel sheet and tubular products for the automotive, appliance, container, industrial machinery, construction, and oil and gas industries. U. S. Steel was founded in 1901 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

NSC

Tokyo, Japan

website

Category Company
Sector Metals/Mining
DESCRIPTION

NSC is a Japanese steel manufacturer. NSC’s manufacturing base is in Japan and the company has presence in 15 additional countries including: United States, India, Thailand, Indonesia, Vietnam, Brazil, Mexico, Sweden, China and others. NSC also has a joint venture in the United States. NSC is based in Tokyo, Japan.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal